Starboard Capital Partners is a private equity firm that sponsors and invests in lower middle market companies, with values ranging from $15 million to $300 million. We participate with our network of Private Equity funds, family offices, and institutional fund co-investors to partner with management teams and entrepreneurs.

Starboard Capital Partners

WRD Capital

We're an early stage venture capital firm focused on equity investments in companies with dramatic growth potential, primarily in technology and highly-scalable services businesses. Our focus investment areas are digital health, fintech, consumer software, and enterprise software.

OCA Ventures

Longmeadow Capital Partners is a venture capital and private equity firm specializing in investments in growth capital, management buyouts.

Longmeadow Capital Partners

Seyen Capital is in the process of raising its first fund. We have a lead investors and are making progress towards a first closing.

Seyen Capital

From publishing to healthcare IT to CRM, Wasabi Ventures has planned, implemented, and maintained solutions for many emerging companies over the last decade. Their professionals have a proven history of producing results in each of the following business areas:   • Technology and Development   • Sales   • Product Marketing   • Fundraising   • Business Planning    Their team includes experts in every functional area that matters to a startup as well as industry experts. Each of their partners specializes in different areas. While each of their partners can call upon the expertise of the entire firm, if you really need help in a specific area they will dedicate additional staff to your company.

Wasabi Ventures

PursueCare

PursueCare offers virtual evidence-based addiction treatment for opioids, alcohol, and other substance use disorders, all through a mobile application. The company offers a transitional digital addiction treatment program for patients, particularly those experiencing significant barriers to in-person care, by partnering with health systems, community health partners, employers, and health plans. Patients can also seek treatment without a referral.  PursueCareRx pharmacy gives patients the ability to discretely receive prescription medications shipped to their door. Founded in 2019, PursueCare is available in Kentucky, Ohio, West Virginia, and all of New England, with national expansion plans.

<div><p>Connecticut-based PursueCare is an online, evidence-based addiction recovery platform for substance use disorders. The company’s mobile app provides virtual consultations with a physician to prescribe medication, online addiction and mental health counseling and therapy, care coordination, at-home toxicology screening, and pharmacy services. The service costs USD 50 per session for patients without insurance. </p></div>

New technologies are opening up mental health services to previously overbooked and underserved populations.

Mental Health Tech

<div>
  <p>
    Connecticut-based PursueCare is an online, evidence-based addiction recovery platform for substance use disorders. The company’s mobile app provides virtual consultations with a physician to prescribe medication, online addiction and mental health counseling and therapy, care coordination, at-home toxicology screening, and pharmacy services. The service costs USD 50 per session for patients without insurance. 
  </p>
  <p>
    In April 2021, PursueCare completed an oversubscribed Series A funding round that brought the company’s total funding up to USD 12.8 million. The funds will be used to develop its mental health service offering and collaborate with health systems, hospitals, community health centers, employers, and universities. As of April 2021, PursueCare is available in nearly 10 US states.
  </p>
</div>


<div>
  <p>
    Boulder Care is a telepsychiatry platform that connects patients who are opioid-addicted users to addiction specialists, care coordinators, and peer coaches. Patients can get personalized plans via video and text messaging and the app is intended to be used in conjunction with prescription medicines and lab tests.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    In June 2022, the company raised USD 36 million in a Series B funding round. The funds were earmarked to triple the size of the company’s medical care team, expand its geographical footprint, and increase its value-based care treatment options through partnerships with health plans.
  </p>
</div>


Boulder Care

<div>
  <p>
    7 Cups provides an emotional-support platform with a network of volunteer listeners. Users can anonymously access either one-on-one chats or group chats 24/7, free of charge for issues such as depression, anxiety, relationships and those related to the LGBTQ+ community.  It also teaches users skills such as meditation to improve their lives. If users want additional support, the company also provides access to an online therapy platform with a network of 180 licensed therapists for a subscription plan of USD 150 per month. 7 Cups is available for users above 13 years of age (users between 13 and 17 years old engage with listeners who are specifically trained in teenage interactions).
  </p>
  <p>
    Volunteer peer listeners get free training and support as well as flexible scheduling. Once a user requests a chat, it will be directed to available listeners and if the user requests a specific listener, he will be connected as soon as the listener accepts the demand. The service is anonymous and the listener has no access to the details of the user unless the information is disclosed to the listener by the user in their conversations. As of January 2022, 7 Cups has facilitated more than 51 million conversations, served 25 million individuals, and had 300,000 trained listeners. The listeners serve in 180 countries in 140 languages.
  </p>
</div>


7 Cups

<div>
  <p>
    wayForward provides technology-supported behavioral health and emotional wellness services for employers planning to make services available to their employees. It uses a screening procedure designed by neuropsychologists to triage and help employee members get clinically relevant mental healthcare. The company provides a self-guided app, text-based coaching, video visits, telepsychiatry, and if required, in-person visits or an on-site counselor. wayForward leverages its evidence-based approach and artificial intelligence in delivering its services and claims that it has been able to reduce anxiety symptoms by 48% and depression symptoms by 59%.
  </p>
  <p>
    The company raised USD 2 million in a seed round in June 2020, which brought total funding to USD 4.5 million. DarioHealth, a chronic disease management platform based in Israel, signed a definitive agreement to acquire 100% of wayForward in May 2021 for a total consideration of USD 30 million. As of May 2021, the wayForward had approximately 20,000 members and was available in North America, Australia, and Europe. 
  </p>
  <p>
  </p>
</div>


wayForward

<div>
  <p>
    Coa is a mental health company that conducts online classes led by licensed therapists for mental health users. The classes focus on conditions such as stress, anxiety, confidence and relationships. The company raised USD 3 million in a seed round in October 2020 from investors led by Crosslink Capital.
  </p>
</div>


<div>
  <p>
    Meru Health is an online platform that connects patients experiencing stress, depression, anxiety, burnout, and other mental health issues to licensed therapists. The company was founded by Kristian Ranta in 2016 after his older brother died from suicide after battling depression. The platform offers a 12-week program and personalized text-based coaching services and virtual workshops. Meru also provides access to progress reports and anonymous peer support groups as well as sleep, nutrition, and mindfulness advice on top of vital tracking information—such as heart rate data.
  </p>
  <p>
    The company reported a 10x YoY growth in its customer base in 2020 and plans to serve 10 million users by 2027. The company also achieved 8x YoY growth in revenue in 2020 amid an increase in demand in mental health services brought about by the Covid-19 pandemic.
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    In September 2022, Meru Health and clinical trial platform Curebase 
    <a href="https://sp-edge.com/updates/13230">
      announced a partnership
    </a>
     to carry out a three-year clinical trial to measure the effectiveness of Meru Health’s 12-week digital depression treatment targeting primary care patients. The study was funded by the National Institutes of Health’s Small Business Innovation Research program. 
  </p>
  <p>
    <b></b>
  </p>
  <p>
    <b>Fundings and financials</b>
  </p>
  <p>
    In May 2022, the company secured a USD 2 million grant from the National Institute of Mental Health to measure the effectiveness of its 12-week program for treating primary care patients. The study will follow 300 patients across the US with symptoms of major depression for a period of three years.
  </p>
</div>


Meru Health

Offers virtual offerings for mental health consultations

Mental healthcare services offer personalized care tailored to a user's needs and treatment progression

There are mental health providers offering services specifically to help LGBTQ+ or BIPOC individuals

Several mental health technology providers offer therapy services rendered by AI/ML technology

Subscription or membership-based platforms and apps to connect therapists, psychiatrists or behavioral health coaches with patients.

PursueCare

Mental Health Tech

Key stats

Recent Updates

Pear Therapeutics begins to offer PDTs via telehealth partners

Company Brief

Funding

Investors

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless